https://www.taxtmi.com/caselaws?id=274019 The Tribunal dismissed the appeal challenging the invocation of section 269SS and penalty proceedings under section 271D of the Income Tax Act, stating that penalty proceedings were premature. The addition of unconfirmed balances of sundry creditors was upheld due to lack of confirmation. Disallowance of alleged un-evidenced payments under sections 43B and 40(a)(i) was confirmed. Relief was granted out of the disallowance of sundry creditors' balances, with partial relief allowed. The judgment addressed various issues under the Income Tax Act, considering arguments from both parties and making decisions based on the case's circumstances. en-us Fri, 16 Dec 2016 00:00:00 +0530 Wed, 25 Jul 2018 13:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274019 The Tribunal dismissed the appeal challenging the invocation of section 269SS and penalty proceedings under section 271D of the Income Tax Act, stating that penalty proceedings were premature. The addition of unconfirmed balances of sundry creditors was upheld due to lack of confirmation. Disallowance of alleged un-evidenced payments under sections 43B and 40(a)(i) was confirmed. Relief was granted out of the disallowance of sundry creditors' balances, with partial relief allowed. The judgment addressed various issues under the Income Tax Act, considering arguments from both parties and making decisions based on the case's circumstances. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274019